Daily Economy News
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Medicare is Hardly Self-Financed
Many believe that Medicare (similarly to Social Security) does not add anything to the federal budget deficit because it is financed by dedicated tax revenue. This belief is one of the reasons for the outrage at the suggestion that Medicare needs to be reformed to prevent future budget deficits from spiraling out of control. But…
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A Reason to Celebrate Social Security’s Birthday
Eighty years ago this week — on August 14, 1935 — President Franklin D. Roosevelt signed the Social Security Act. It created a national old-age retirement program in the United States for the first time. It was an investment that continues to pay dividends even today.
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Using “Parks and Recreation” to Teach Economics
Economic educators are always trying to find new ways to breathe fresh air into the economics classroom and to get away from conventional “chalk talk” methods made famous in movies such as “Ferris Bueller’s Day Off” (1986). I know we all remember Ben Stein putting the class to sleep during a macroeconomics class. A new…
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Bernanke’s Math Problem
Former Fed Chairman Ben Bernanke argues that stock prices have returned to their earlier upward trajectory, following the chaos of the Great Recession. But there’s one problem: He did the math wrong.
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Financial First Steps: The ABC’s of Credit Cards
With so many offers for credit cards out there, how do you choose one? We offer a few tips to weigh your options.
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Rethinking ‘Safe’ Asset Allocation in Retirement
How should retirees think about allocating assets during retirement? One platitude says that retirees should decrease exposure to risk, and therefore to stocks, as they age. But this “safe” approach is increasingly being called into question.
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Financial First Steps: Why Use Credit?
Credit lets people make purchases and get what they want today, even if they don’t necessarily have the money today, as long as they promise to pay the creditor back at some point in the future. This is an extremely useful purchasing tool, as you may not always have the cash to buy the things…
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Teaching Random Sampling to High School Students
Seventeen teachers from six states gathered in Great Barrington, Massachusetts last month for an intensive five-day training session in economics education. Here at the American Institute for Economic Research, our Teach-the-Teachers program encourages teachers to integrate economic concepts into various fields of study. At the end of the program, each teacher presented an idea to…
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•
Medicare is Hardly Self-Financed
Many believe that Medicare (similarly to Social Security) does not add anything to the federal budget deficit because it is financed by dedicated tax revenue. This belief is one of the reasons for the outrage at the suggestion that Medicare needs to be reformed to prevent future budget deficits from spiraling out of control. But…
-
•
A Reason to Celebrate Social Security’s Birthday
Eighty years ago this week — on August 14, 1935 — President Franklin D. Roosevelt signed the Social Security Act. It created a national old-age retirement program in the United States for the first time. It was an investment that continues to pay dividends even today.
-
•
Using “Parks and Recreation” to Teach Economics
Economic educators are always trying to find new ways to breathe fresh air into the economics classroom and to get away from conventional “chalk talk” methods made famous in movies such as “Ferris Bueller’s Day Off” (1986). I know we all remember Ben Stein putting the class to sleep during a macroeconomics class. A new…
-
•
Bernanke’s Math Problem
Former Fed Chairman Ben Bernanke argues that stock prices have returned to their earlier upward trajectory, following the chaos of the Great Recession. But there’s one problem: He did the math wrong.
-
•
Financial First Steps: The ABC’s of Credit Cards
With so many offers for credit cards out there, how do you choose one? We offer a few tips to weigh your options.
-
•
Rethinking ‘Safe’ Asset Allocation in Retirement
How should retirees think about allocating assets during retirement? One platitude says that retirees should decrease exposure to risk, and therefore to stocks, as they age. But this “safe” approach is increasingly being called into question.
-
•
Financial First Steps: Why Use Credit?
Credit lets people make purchases and get what they want today, even if they don’t necessarily have the money today, as long as they promise to pay the creditor back at some point in the future. This is an extremely useful purchasing tool, as you may not always have the cash to buy the things…
-
•
Teaching Random Sampling to High School Students
Seventeen teachers from six states gathered in Great Barrington, Massachusetts last month for an intensive five-day training session in economics education. Here at the American Institute for Economic Research, our Teach-the-Teachers program encourages teachers to integrate economic concepts into various fields of study. At the end of the program, each teacher presented an idea to…